Madison Dearborn Partners, LLC (MDP) and CoVant Management have announced an agreement to acquire AEVEX Aerospace, a provider of airborne intelligence, surveillance, and reconnaissance solutions, the company said.
MDP, a Chicago-based private equity firm and CoVant, a Maryland-based defense and space company, will acquire majority ownership of AEVEX. The company´s founder-management team members will retain a significant ownership position.
The partnership with MDP and CoVant will enable the companies to accelerate the investment in innovation, attract and retain the very best talent, and provide customers with the decision advantage they need in dynamic mission environments.
AEVEX supports the US national security mission and the safety of US citizens around the world by providing full-spectrum AISR, including custom solutions design and engineering, sensor sustainment and modification, mission operations services, advanced intelligence data processing, exploitation, and dissemination (PED) solutions, and tailored hardware and software AISR mission solutions.
MDP is a leading private equity firm that invests across a broad spectrum of industries, including business and government software and services, while the CoVant team has expertise in acquiring, operating, and growing companies in the federal technology solutions marketplace. MDP and CoVant´s partnership identifies and secures equity investments in the federal government technology services and solutions market.
AEVEX Aerospace full-spectrum, mission-critical airborne intelligence, surveillance, and reconnaissance technology solutions to US Department of Defense, Special Operations, and Intelligence Community customers.